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Excise Duty Expenses.

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(Querist)
05 May 2011 What is Excise Duty expenses in Balance Sheet. Is it only Excise duty paid on Basic Sales or its enclude Interest, Penalty and Show cause Demand?
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
09 May 2011 In my view it could certainly be duty + interest whether through the SCN or otherwsie. penalty may have to be indicated separately. Pl confirm from your CA.
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